If the labor force grows at a faster rate than the number employed, the unemployment rate will fall. True or false

Question

Social Studies

Savion Lam

17 June, 01:34

If the labor force grows at a faster rate than the number employed, the unemployment rate will fall. True or false

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Answers (1)

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Averie Bond · Answer 1

False.

Explanation:

The unemployment rate is the proportion of the population that is out of work, revealed in percentage. There could be many factors for the rise of unemployment in a society which could be seasonal occupation, disability, lack of skills, etc. But if labor forces grow faster than that of the number of people already working and the number of working positions intact it will further lead to a rise in the unemployment rate.